Accumulated Covid insurance premiums spiked by 2.2 billion baht from 6.45 million policies in April, driving the total premiums received to 7.15 billion baht over 14 months since the beginning of the pandemic. The accumulated value of claims received from Covid insurance in April also rose to 138 million baht, spurred by surging new infections, […]
Read MoreMANILA, Philippines — The Philippines is projected to import more rice next year to meet the rising demand for the commodity, according to the United States Department of Agriculture (USDA). In its latest monthly global grain report, the USDA said the Philippines is expected to import a total of 2.1 million metric tons (MT) of […]
Read MoreDespite continued outbreaks of Covid-19, foreign direct investment (FDI) is thriving, with applications in the first quarter surging 143% year-on-year in investment value. Narit Therdsteerasukdi, deputy secretary-general of the Board of Investment (BoI), said net applications filed for FDI in the period totalled 191 projects, down 17% from 231 year-on-year. However, investment value increased by […]
Read MorePhuket is set to welcome 129,000 international tourists in the first three months of the quarantine-free programme, while the government will team up with airlines to subsidise 100,000 one-way domestic air tickets, says the Tourism Authority of Thailand (TAT). TAT governor Yuthasak Supasorn said the reopening initiative — Phuket Sandbox — is expected to attract […]
Read MoreMyanmar’s banking system has nearly collapsed following the Feb. 1 military coup, with the country’s Central Bank and private banks seeing fewer deposits made and more money being taken out in withdrawals, RFA reported. The Central Bank has also had trouble disbursing enough funds to private banks to cover amounts being withdrawn for account-holders’ daily […]
Read MoreWith up to 20 percent of all Cambodian loans having been restructured in the wake of the pandemic, insiders emphasise that the fallout from leaving them untouched would have been substantially worse. The Credit Bureau of Cambodia (CBC) this week announced that debt past its due date by more than 30 days (DPD+30) had grown […]
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